The first step is exploring where to buy Bitcoin anonymously. There are several methods and platforms to choose from, each with its own pros and cons.
Here’s our selection of the top places to buy Bitcoin anonymously without ID in 2024
We found that MEXC is the best option when buying Bitcoin anonymously. The process isn’t overly straightforward, as you’ll need to pay for your purchase with another cryptocurrency. Nonetheless, you’ll be able to buy Bitcoin without verifying your identity. This is because MEXC allows users to access a range of features, such as spot trading and futures crypto trading, without completing KYC processes or verification checks.
Instead, you simply need to download the MEXC app or set up an unverified account. Initially, you’ll need to deposit some cryptocurrency tokens into your unique wallet address. Currently, MEXC supports over 1,700 different cryptocurrencies.
Visit MEXCThe next best place to buy Bitcoin anonymously is via a cryptocurrency ATM. Here’s how it works; You visit your nearest Bitcoin ATM and select how much you want to buy. This will be stated in your local currency. Next, you’ll be asked to insert cash into the ATM, ensuring it covers the full purchase price.
After that, a receipt will be printed containing a unique wallet address and private key. In most cases, you can scan the QR code with a mobile wallet to claim the Bitcoin tokens. Some Bitcoin ATMs allow you to scan your wallet address when completing the payment, which is slightly more convenient. That being said, not all Bitcoin ATMs support an anonymous purchase experience.
Bisq is another option to consider when attempting to buy crypto anonymously. In a nutshell, Bisq is a decentralized Bitcoin exchange that employs a peer-to-peer model. To get started, you need to download the Bisq software for Windows, Mac, or Linux. There is no requirement to open an account – so you’ll be trading in complete privacy.
Next, you’ll need to specify your local currency and preferred payment methods. Options include local banking networks, e-wallets, and Western Union. After specifying how much Bitcoin you want to buy, Bisq shows you sellers that accept your preferred payment type. If you proceed, the seller will be required to lock the Bitcoin tokens in the Bisq escrow.
Visit BisqNext up is Hodl Hodl – a P2P exchange that supports Bitcoin. Hodl Hodl has been in business for over seven years and it now boasts more than 100,000 registered users. When opening an account, you’ll only need to provide an email address, nickname, and a strong password. No additional personal information will be collected and there are no KYC procedures in place making it one of the leading no-KYC exchanges out there.
Once you’ve signed up, you can search for a Bitcoin listing that meets your requirements. For instance, you can select your local currency and your preferred payment methods. Popular options include local bank transfers, SWIFT, Venmo, Neteller, and PayPal. Hodl Hodl will then display suitable listings, alongside the seller’s asking price.
You might also consider LocalCoinSwap when exploring how to buy Bitcoin without ID. This is another P2P exchange that does not have a mandatory KYC process in place. However, we found that the vast majority of sellers on LocalCoinSwap will not sell to unverified users.
This is because of issues with their respective payment provider, such as a bank account. Moreover, even if you do find a suitable seller, you’ll likely find that exchange rates are unfavorable. Nonetheless, LocalCoinSwap supports over 300 payment methods across many different currencies.
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